The return of the weekday roundups! Sorry for missing them the past couple days. I may have something on the Wisconsin budget fight later in the evening, but until then…
• Some great working class heroes inside the Capitol these past few days. You have locked-out Honeywell employees sleeping overnight, along with the occupation leader from Republic Windows and Doors, which staged a sit-in to get their legally-owed severance back in 2008.
• Some great statements of solidarity with the protesters and against Gov. Walker in the past day or so from Russ Feingold, US Labor Secretary Hilda Solis and AFL-CIO President Rich Trumka. When asked if this could spark a new progressive movement in America, Trumka replied, “It already has!”
• The Dane County district attorney believes that Scott Walker’s Koch call was “very concerning and sometimes quite alarming,” but not quite illegal. Of course, other legal minds in the state disagree.
• As the House potentially moves to cancel HAMP, the Wall Street Journal managed to tell some of the truth about the program. Only one in four who applied have been accepted for a permanent modification.
• Great Dean Baker paper on the origins and the severity of the public pension crisis. Again, it’s Wall Street and the housing bubble to blame, just like they’re to blame for state budget deficits in general. Speaking of the budget deficit, you could solve Wisconsin simply by making corporations pay what they owe.
• This increasingly looks like a civil war in Libya, with pitched battles for towns around the Tripoli area. Gadhafi’s forces have superior weaponry, so they are building a buffer zone.
• I simply don’t agree that the last in first out policies of many schools represents some great failure of the teacher’s union. They’re not the only profession in the world operating under a seniority system, and this notion that you can rank teachers with dead-eye precision is the stuff of fantasy. Nevertheless, teacher’s union leaders like Randi Weingarten are working on modifying that process. It’s an example of how unions are offering concessions to save collective bargaining, which can be very dangerous.
• As Obama refuses to defend DOMA in court (and this story that may have changed his mind is great), will the House of Representatives take that up? And how much will that cost taxpayers, perchance?
• Nancy Pelosi tried to get rid of non-biodegradable packaging in the House. Because she didn’t like it, the House GOP brought it back. Welcome to government by spite.
• House Republican efforts to leverage the South Korea free trade deal into pacts with Colombia and Panama have led to a stall of the entire trade agenda. Which is fine with me, but dumb if you support that kind of thing, as House Republicans do.
• The House may take up a “resolution of disapproval” on net neutrality. These things are theatrical, they don’t have a 2/3 vote that would be needed to override a veto. By the way, the Administration and the FCC apparently did carve out a place for online video via Netflix and other Web operations in the Comcast/NBC deal. Good.
• The regional cap-and-trade program in the Northeast is improving economies in that region, according to a new study. And, lowering energy bills.
• Speaking of studies, here’s one showing tens of billions of dollars going missing in the Afghanistan and Iraq contracting process. And here’s another one showing duplicative government waste. Paradoxically, the best way to counter this would be to hire more bureaucrats to audit and supervise and lower costs across government.
• The latest to be charged in the insider trading scandal: a former board member of Goldman Sachs.
• Rick Scott, last seen trying to defend Scott Walker on national television, may be in more trouble than his Wisconsin counterpart, at least with his own party. Because he’s lost them over his rejection of high speed rail funds.
• An $83 fountain pen helps save a family from foreclosure.
• Important lobbying news: Chris Dodd becomes head of the Motion Picture Association of America, after vowing to not become a lobbyist; and Jon Adler, a one-term Dem from New Jersey, winds up at Greenberg Traurig, Jack Abramoff’s old firm.
• Are foreclosures dropping, as homeowners get wise to foreclosure fraud?
• Anonymous v. Americans for Prosperity.
• A fetus will testify on an anti-abortion bill in Ohio. Seriously.
• Hilarious: faced with the fallout of the Koch call, two Republican Senators in Wisconsin call for legislation banning prank calls. Next we’ll have the “Banning Witty Protest Signs Act of 2011.”
• Huckabirther.
• Here’s Don Rumsfeld being an asshole to Condi Rice. Hard to pick a side on that one.
• I will try studiously to ignore Andrew Sullivan at The Daily Beast the way I have at The Atlantic.
• Conversely, I will find the man behind @MayorEmanuel and buy him a beer.
• Keith Olbermann’s new blog gets a scoop that makes Pinch Sulzberger look stupid, but we’re being redundant.
• Faith in humanity restored: Rush Holt beats IBM’s Watson in Jeopardy.
• I was on Sam Seder’s show talking about Wisconsin yesterday. Here’s the podcast.




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Dean Baker does a great job of supporting his position…as far as he goes. However, there’a few things that he leaves out:
a) So what if you can show that investments achieved an average 8% increase per year over 30 years? How about when you go 4-5-6 years in a row with returns that are only half that, but you still have current (and expanding) pension obligations to pay out?
b) So what if unfunded liabilities are a small portion of state GDP? It’s the percentage of tax revenues that count. Also, even a small percentage can translate into big real-dollar numbers. Say your pension fund is only $10 bil underfunded, but what you need to make up for this particular year is $1 bil. Guess what? Taking a bil out of a state’s annual revenues is a huge hit that has to be made up in some form of taxes or in cuts to other programs.
c) Baker also uses historical stock market returns yet blames most of the pension shortfall on the crash of the market in 2008-2009. But aren’t we also acknowledging that the rebound of the stock market is bad for the folks on Main Street because it reflects a misallocation of resources by the Obama administration? And aren’t we concerned about the underpinnings of the stock market once again based on a bubble, namely the insolvency of the big banks which are being kept above water only because of government guarantees? Aren’t prominent progressive economists predicting yet another financial collapse in the next 2-5 years (the seeds of which have been sown by the Obama bankster bailout and weak reform measures)?
Baker joins so many others who are just loathe to admit the truth, the the leadership of public employee unions conspired with politicians, many Democratic, to hide the cost of pensions from the taxpayers so as to push the problem off into the “future”.
Will Tina Brown make Sully take comments on his “blog” at The Daily Beast?
In a related story, Rep. Michele Bachmann was trounced on “Are You Smarter Than a 5th Grader?”
How hard would it be to deny Gadhafi his air force? Pin the several jets to the ground with hellfire’s from drones…blame it on South Sudan?
Are the public unions off-shoring U.S. jobs, so they can profit from child-labor and then donate parts of that back to the GOP? The link below is from last week from the vanguard of liberalism, those candy-ass double E’s at “Electrical Engineering Times.”
Apple Reveals Increasing Child Labor Problem in China
Of course the public employee unions aren’t off-shoring jobs. As I pointed out in another post, it is absolutely essential for the public employee unions and the Dem party (the two being inextricably linked, both in reality and public perception) to support a revival of private sector unions. As long as private sector employees see the public employees are getting better treatment through the use of private sector employees’ taxes, there will be resentment. Plus, the nation as a whole and the middle class will suffer.
What the leadership of the unions need to do is take on the monster turning point battle head-on. Go after Godzilla first. Organize a national campaign to unionize Wal-Mart. Strike every store. Forget the local laws. Stage sit-ins, barricade parking lots and delivery entrances. Let tens of thousands of people get arrested and then NOT bond out, opt to stay in jail and overwhelm the system. (Get some free, required by law health care while you’re there.) If offered an ROR release, refuse to sign the form guaranteeing appearance. If they release you anyway, go back and get arrested again. Unrelenting coast-to-coast pressure.
I guaran-fucking-tee you, if somebody unionizes Wal-Mart, all the other dominoes fall.
So, apparently, it’s always about dollars and cents with this president… he will only consider not defending DOMA because it’s costing a partner hundreds of thousands of dollars. Good grief!!!
Both sides of the aisle practice government by spite. The so-called Liberal Howard Dean supported the health insurance bailout, the mandated patient killing for profit regime. He claimed we should all support it because the GOP is against it.